*Dhanuka Agritech Ltd.* | *CMP* Rs. 686 | *M Cap* Rs. 3127 Cr | *52 W H/L* 816/631
(Nirmal Bang Retail Research)
*Result marginally below expectations*
Revenue from Operations came at Rs. 393.4 Cr (-27.5% QoQ, 10.2% YoY) vs expectation of Rs. 395.3 Cr, QoQ Rs. 542.9 Cr, YoY Rs. 356.9 Cr
EBIDTA came at Rs. 51.8 Cr (-46.9% QoQ, -5.8% YoY) vs expectation of Rs. 58.9 Cr, QoQ Rs. 97.5 Cr, YoY Rs. 55 Cr
EBITDA Margin came at 13.2% vs expectation of 14.9%, QoQ 18%, YoY 15.4%
Adj. PAT came at Rs. 46.1 Cr vs expectation of Rs. 45.3 Cr, QoQ Rs. 73 Cr, YoY Rs. 42.5 Cr
Quarter EPS is Rs. 10.1
Stock is trading at P/E of 12.7x FY24E EPS
(Nirmal Bang Retail Research)
*Result marginally below expectations*
Revenue from Operations came at Rs. 393.4 Cr (-27.5% QoQ, 10.2% YoY) vs expectation of Rs. 395.3 Cr, QoQ Rs. 542.9 Cr, YoY Rs. 356.9 Cr
EBIDTA came at Rs. 51.8 Cr (-46.9% QoQ, -5.8% YoY) vs expectation of Rs. 58.9 Cr, QoQ Rs. 97.5 Cr, YoY Rs. 55 Cr
EBITDA Margin came at 13.2% vs expectation of 14.9%, QoQ 18%, YoY 15.4%
Adj. PAT came at Rs. 46.1 Cr vs expectation of Rs. 45.3 Cr, QoQ Rs. 73 Cr, YoY Rs. 42.5 Cr
Quarter EPS is Rs. 10.1
Stock is trading at P/E of 12.7x FY24E EPS
*Goldiam International Ltd.* | *CMP* Rs. 155 | *M Cap* Rs. 1692 Cr | *52 W H/L* 201/117
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 178.2 Cr (109.2% QoQ, -18.3% YoY) vs QoQ Rs. 85.2 Cr, YoY Rs. 218.2 Cr
EBIDTA came at Rs. 32.8 Cr (45.1% QoQ, -36% YoY) vs QoQ Rs. 22.6 Cr, YoY Rs. 51.2 Cr
EBITDA Margin came at 18.4% vs QoQ 26.5%, YoY 23.5%
Adj. PAT came at Rs. 28.8 Cr vs QoQ Rs. 18.8 Cr, YoY Rs. 39.6 Cr
Quarter EPS is Rs. 2.6
Stock is trading at P/E of 18.5x TTM EPS
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 178.2 Cr (109.2% QoQ, -18.3% YoY) vs QoQ Rs. 85.2 Cr, YoY Rs. 218.2 Cr
EBIDTA came at Rs. 32.8 Cr (45.1% QoQ, -36% YoY) vs QoQ Rs. 22.6 Cr, YoY Rs. 51.2 Cr
EBITDA Margin came at 18.4% vs QoQ 26.5%, YoY 23.5%
Adj. PAT came at Rs. 28.8 Cr vs QoQ Rs. 18.8 Cr, YoY Rs. 39.6 Cr
Quarter EPS is Rs. 2.6
Stock is trading at P/E of 18.5x TTM EPS
👍1
*SALZER ELECTRONICS LTD.* | *CMP* Rs. 306 | *M Cap* Rs. 489 Cr | *52 W H/L* 306/
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 245.6 Cr (0% QoQ, 12.2% YoY) vs QoQ Rs. 245.6 Cr, YoY Rs. 218.8 Cr
EBIDTA came at Rs. 24.9 Cr (-2.9% QoQ, 35.3% YoY) vs QoQ Rs. 25.6 Cr, YoY Rs. 18.4 Cr
EBITDA Margin came at 10.1% vs QoQ 10.4%, YoY 8.4%
Adj. PAT came at Rs. 10.3 Cr vs QoQ Rs. 9.4 Cr, YoY Rs. 8.4 Cr
Quarter EPS is Rs. 6.5
Stock is trading at P/E of 15.8x TTM EPS
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 245.6 Cr (0% QoQ, 12.2% YoY) vs QoQ Rs. 245.6 Cr, YoY Rs. 218.8 Cr
EBIDTA came at Rs. 24.9 Cr (-2.9% QoQ, 35.3% YoY) vs QoQ Rs. 25.6 Cr, YoY Rs. 18.4 Cr
EBITDA Margin came at 10.1% vs QoQ 10.4%, YoY 8.4%
Adj. PAT came at Rs. 10.3 Cr vs QoQ Rs. 9.4 Cr, YoY Rs. 8.4 Cr
Quarter EPS is Rs. 6.5
Stock is trading at P/E of 15.8x TTM EPS
*Jyoti Resins & Adhesives Ltd.* | *CMP* Rs. 1210 | *M Cap* Rs. 1452 Cr | *52 W H/L* 1818/400
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 66.6 Cr (1.5% QoQ, 36.3% YoY) vs QoQ Rs. 65.7 Cr, YoY Rs. 48.9 Cr
EBIDTA came at Rs. 16.3 Cr (22.3% QoQ, 147.2% YoY) vs QoQ Rs. 13.4 Cr, YoY Rs. 6.6 Cr
EBITDA Margin came at 24.5% vs QoQ 20.3%, YoY 13.5%
Adj. PAT came at Rs. 12.1 Cr vs QoQ Rs. 8.8 Cr, YoY Rs. 4.9 Cr
Quarter EPS is Rs. 10.1
Stock is trading at P/E of 39.3x TTM EPS
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 66.6 Cr (1.5% QoQ, 36.3% YoY) vs QoQ Rs. 65.7 Cr, YoY Rs. 48.9 Cr
EBIDTA came at Rs. 16.3 Cr (22.3% QoQ, 147.2% YoY) vs QoQ Rs. 13.4 Cr, YoY Rs. 6.6 Cr
EBITDA Margin came at 24.5% vs QoQ 20.3%, YoY 13.5%
Adj. PAT came at Rs. 12.1 Cr vs QoQ Rs. 8.8 Cr, YoY Rs. 4.9 Cr
Quarter EPS is Rs. 10.1
Stock is trading at P/E of 39.3x TTM EPS
*Mahindra & Mahindra Ltd.* | *CMP* Rs. 1373 | *M Cap* Rs. 170690 Cr | *52 W H/L* 1390/671
(Nirmal Bang Retail Research)
No. of Vehicles Sold 281859 vs QoQ 273223,YoY 214134
*Result is above expectations*
Revenue from Operations came at Rs. 21653.7 Cr (3.9% QoQ, 42.1% YoY) vs expectation of Rs. 21506.5 Cr, QoQ Rs. 20839.3 Cr, YoY Rs. 15238.8 Cr
EBIDTA came at Rs. 2814.2 Cr (12.7% QoQ, 55.8% YoY) vs expectation of Rs. 2757.6 Cr, QoQ Rs. 2496.4 Cr, YoY Rs. 1805.8 Cr
EBITDA Margin came at 13% vs expectation of 12.8%, QoQ 12%, YoY 11.9%
Adj. PAT came at Rs. 2156.9 Cr vs expectation of Rs. 1812.1 Cr, QoQ Rs. 2337.8 Cr, YoY Rs. 1353.1 Cr
Quarter EPS is Rs. 17.4
Stock is trading at P/E of 19.2x FY24 EPS
(Nirmal Bang Retail Research)
No. of Vehicles Sold 281859 vs QoQ 273223,YoY 214134
*Result is above expectations*
Revenue from Operations came at Rs. 21653.7 Cr (3.9% QoQ, 42.1% YoY) vs expectation of Rs. 21506.5 Cr, QoQ Rs. 20839.3 Cr, YoY Rs. 15238.8 Cr
EBIDTA came at Rs. 2814.2 Cr (12.7% QoQ, 55.8% YoY) vs expectation of Rs. 2757.6 Cr, QoQ Rs. 2496.4 Cr, YoY Rs. 1805.8 Cr
EBITDA Margin came at 13% vs expectation of 12.8%, QoQ 12%, YoY 11.9%
Adj. PAT came at Rs. 2156.9 Cr vs expectation of Rs. 1812.1 Cr, QoQ Rs. 2337.8 Cr, YoY Rs. 1353.1 Cr
Quarter EPS is Rs. 17.4
Stock is trading at P/E of 19.2x FY24 EPS
*Electronics Mart India Ltd.* | *CMP* Rs. 77 | *M Cap* Rs. 2963 Cr | *52 W H/L* 104/75
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 1481.7 Cr (20.7% QoQ, 17.1% YoY) vs QoQ Rs. 1227.7 Cr, YoY Rs. 1265.3 Cr
EBIDTA came at Rs. 72.8 Cr (-3.4% QoQ, -5.5% YoY) vs QoQ Rs. 75.4 Cr, YoY Rs. 77 Cr
EBITDA Margin came at 4.9% vs QoQ 6.1%, YoY 6.1%
Adj. PAT came at Rs. 21.9 Cr vs QoQ Rs. 24.1 Cr, YoY Rs. 27.7 Cr
Quarter EPS is Rs. 0.6
Stock is trading at P/E of 64.4x TTM EPS
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 1481.7 Cr (20.7% QoQ, 17.1% YoY) vs QoQ Rs. 1227.7 Cr, YoY Rs. 1265.3 Cr
EBIDTA came at Rs. 72.8 Cr (-3.4% QoQ, -5.5% YoY) vs QoQ Rs. 75.4 Cr, YoY Rs. 77 Cr
EBITDA Margin came at 4.9% vs QoQ 6.1%, YoY 6.1%
Adj. PAT came at Rs. 21.9 Cr vs QoQ Rs. 24.1 Cr, YoY Rs. 27.7 Cr
Quarter EPS is Rs. 0.6
Stock is trading at P/E of 64.4x TTM EPS
*Venky'S (India) Ltd.* | *CMP* Rs. 1857 | *M Cap* Rs. 2616 Cr | *52 W H/L* 2684/1773
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 1035.8 Cr (8% QoQ, -5.7% YoY) vs QoQ Rs. 959 Cr, YoY Rs. 1098.5 Cr
EBIDTA came at Rs. 27.5 Cr (-229.7% QoQ, -14.5% YoY) vs QoQ Rs. -21.2 Cr, YoY Rs. 32.1 Cr
EBITDA Margin came at 2.7% vs QoQ -2.2%, YoY 2.9%
Adj. PAT came at Rs. 16.5 Cr vs QoQ Rs. -20.6 Cr, YoY Rs. 21.6 Cr
Quarter EPS is Rs. 11.7
Stock is trading at P/E of 25.5x TTM EPS
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 1035.8 Cr (8% QoQ, -5.7% YoY) vs QoQ Rs. 959 Cr, YoY Rs. 1098.5 Cr
EBIDTA came at Rs. 27.5 Cr (-229.7% QoQ, -14.5% YoY) vs QoQ Rs. -21.2 Cr, YoY Rs. 32.1 Cr
EBITDA Margin came at 2.7% vs QoQ -2.2%, YoY 2.9%
Adj. PAT came at Rs. 16.5 Cr vs QoQ Rs. -20.6 Cr, YoY Rs. 21.6 Cr
Quarter EPS is Rs. 11.7
Stock is trading at P/E of 25.5x TTM EPS
*The Cost of Shipping Gasoline Is Soaring After Russia Sanctions*
The cost of moving gasoline and other fuels on ocean-going tankers is soaring days after sanctions targeting Russia’s petroleum sales.
Daily earnings for relatively tiny tankers delivering refined fuels in the Atlantic ocean have surged about 280% this week, reaching $41,968, according to the latest data from the Baltic Exchange in London. *_They surged by 58% on Thursday alone, the largest one-day gain since late 2021._*
The surge has been spurred in part by a bifurcation of the fleet with some tankers serving Moscow’s interests and others the international market. It highlights a possible flipside of aggressive measures aimed at limiting Russia’s petroleum revenues.
“Russian volumes continue to flow at more or less the same rate and that takes up a lot of ships,” said Lars Bastian Ostereng, an analyst at Arctic Securities. “Ultimately the spike shows demand is pretty good, and the fundamentals are strong.”
As many as 600 vessels have joined a ‘shadow fleet’ of ships helping Russia to keep its petroleum flowing. That in turn is leaving fewer vessels serving other oil exporters and is boosting the cost of freight.
The surge isn’t purely about tankers switching to Russian trade.
The European Union banned Russian fuel imports from Feb. 5. Prior to that, the bloc lifted its purchasing of refined products from elsewhere to ensure plentiful supply, something that displaced some vessels in an already-thinly stretched fleet.
Now as buying picks up elsewhere, rates are spiking. Ships sailing from Europe to West Africa posted their biggest daily gain since figures began being published last year on Thursday.
A switch of some tankers to Russia may be contributing though.
“What we hear is that many vessels suddenly were removed from tonnage lists and drawn towards Russia,” said Eirik Haavaldsen, a shipping analyst at Pareto Securities AS in Oslo. “So suddenly vessel supply was almost gone yesterday.”
The cost of moving gasoline and other fuels on ocean-going tankers is soaring days after sanctions targeting Russia’s petroleum sales.
Daily earnings for relatively tiny tankers delivering refined fuels in the Atlantic ocean have surged about 280% this week, reaching $41,968, according to the latest data from the Baltic Exchange in London. *_They surged by 58% on Thursday alone, the largest one-day gain since late 2021._*
The surge has been spurred in part by a bifurcation of the fleet with some tankers serving Moscow’s interests and others the international market. It highlights a possible flipside of aggressive measures aimed at limiting Russia’s petroleum revenues.
“Russian volumes continue to flow at more or less the same rate and that takes up a lot of ships,” said Lars Bastian Ostereng, an analyst at Arctic Securities. “Ultimately the spike shows demand is pretty good, and the fundamentals are strong.”
As many as 600 vessels have joined a ‘shadow fleet’ of ships helping Russia to keep its petroleum flowing. That in turn is leaving fewer vessels serving other oil exporters and is boosting the cost of freight.
The surge isn’t purely about tankers switching to Russian trade.
The European Union banned Russian fuel imports from Feb. 5. Prior to that, the bloc lifted its purchasing of refined products from elsewhere to ensure plentiful supply, something that displaced some vessels in an already-thinly stretched fleet.
Now as buying picks up elsewhere, rates are spiking. Ships sailing from Europe to West Africa posted their biggest daily gain since figures began being published last year on Thursday.
A switch of some tankers to Russia may be contributing though.
“What we hear is that many vessels suddenly were removed from tonnage lists and drawn towards Russia,” said Eirik Haavaldsen, a shipping analyst at Pareto Securities AS in Oslo. “So suddenly vessel supply was almost gone yesterday.”
👍1
*Never Ever Bet Against India: Anand Mahindra blasts 'Global Media' for 'betting against India'*
https://www.businessworld.in/article/Never-Bet-Against-India-Anand-Mahindra-Amid-Adani-Row-/04-02-2023-464395/
*Anand Mahindra slammed the international media for speculating about current challenges in the Indian business sector*
*America is not made by their government, it is made by companies like Apple, Microsoft, Google, Amazon, Tesla, Facebook.*
*◆ Amazon* dropped 40% and laid off 10% employees.
*◆ Google* dropped 50% and laid off 15% employees.
*◆ Facebook* dropped 60% and laid off 20% employees.
*◆ Adani Enterprises* dropped 70% and not a single employee lost job.
*We are taught in India to abuse Adani/Ambani, uproot Jio's tower, protest every other day and do job only in government, even if you become a peon.*
*"Global media is speculating whether current challenges in the business sector will trip India’s ambitions to be a global economic force. I’ve lived long enough to see us face earthquakes, droughts, recessions, wars and terror attacks. All I will say is: never, ever bet against India."*
■ This is not merely an unwarranted attack on any specific company but a calculated attack on India, the independence, integrity and quality of Indian institutions, and the growth story and ambition of India.
■ Mahindra Group Chairman Anand Mahindra has ripped "Global Media" for "betting against India" amid Adani row.
■ Talking about the Hinderburg report, the America-based company raised concerns about shares of Adani group firms having a possibility of declining from their current levels, owing to high valuations.
■ In response, Adani Group said that Hindenburg's report was not an attack on any specific company but a "calculated attack" on India, its growth story, and ambitions. It added the report was "nothing but a lie".
*The Industrialist in a hard-hitting tweet said that nothing can stop India from becoming an economic super power and that the country's economy has braved several odds in the past but kept growing.*
https://www.businessworld.in/article/Never-Bet-Against-India-Anand-Mahindra-Amid-Adani-Row-/04-02-2023-464395/
*Anand Mahindra slammed the international media for speculating about current challenges in the Indian business sector*
*America is not made by their government, it is made by companies like Apple, Microsoft, Google, Amazon, Tesla, Facebook.*
*◆ Amazon* dropped 40% and laid off 10% employees.
*◆ Google* dropped 50% and laid off 15% employees.
*◆ Facebook* dropped 60% and laid off 20% employees.
*◆ Adani Enterprises* dropped 70% and not a single employee lost job.
*We are taught in India to abuse Adani/Ambani, uproot Jio's tower, protest every other day and do job only in government, even if you become a peon.*
*"Global media is speculating whether current challenges in the business sector will trip India’s ambitions to be a global economic force. I’ve lived long enough to see us face earthquakes, droughts, recessions, wars and terror attacks. All I will say is: never, ever bet against India."*
■ This is not merely an unwarranted attack on any specific company but a calculated attack on India, the independence, integrity and quality of Indian institutions, and the growth story and ambition of India.
■ Mahindra Group Chairman Anand Mahindra has ripped "Global Media" for "betting against India" amid Adani row.
■ Talking about the Hinderburg report, the America-based company raised concerns about shares of Adani group firms having a possibility of declining from their current levels, owing to high valuations.
■ In response, Adani Group said that Hindenburg's report was not an attack on any specific company but a "calculated attack" on India, its growth story, and ambitions. It added the report was "nothing but a lie".
*The Industrialist in a hard-hitting tweet said that nothing can stop India from becoming an economic super power and that the country's economy has braved several odds in the past but kept growing.*
BW Businessworld
Never Bet Against India: Anand Mahindra Amid Adani Row
Anand Mahindra slammed the international media for speculating about current challenges in the Indian business sector , , anand mahindra
*DCM Nouvelle Ltd.* | *CMP* Rs. 147 | *M Cap* Rs. 275 Cr | *52 W H/L* 314/135
(Nirmal Bang Retail Research)
*Result declined*
Revenue from Operations came at Rs. 209.5 Cr (29.1% QoQ, -9.4% YoY) vs QoQ Rs. 162.2 Cr, YoY Rs. 231.3 Cr
EBIDTA came at Rs. -1.6 Cr (-84.2% QoQ, -103.8% YoY) vs QoQ Rs. -10.3 Cr, YoY Rs. 42.8 Cr
EBITDA Margin came at -0.8% vs QoQ -6.3%, YoY 18.5%
Adj. PAT came at Rs. -2.5 Cr vs QoQ Rs. -9.3 Cr, YoY Rs. 30.8 Cr
Quarter EPS is Rs. -1.4
Stock is trading at P/E of 8.2x TTM EPS
(Nirmal Bang Retail Research)
*Result declined*
Revenue from Operations came at Rs. 209.5 Cr (29.1% QoQ, -9.4% YoY) vs QoQ Rs. 162.2 Cr, YoY Rs. 231.3 Cr
EBIDTA came at Rs. -1.6 Cr (-84.2% QoQ, -103.8% YoY) vs QoQ Rs. -10.3 Cr, YoY Rs. 42.8 Cr
EBITDA Margin came at -0.8% vs QoQ -6.3%, YoY 18.5%
Adj. PAT came at Rs. -2.5 Cr vs QoQ Rs. -9.3 Cr, YoY Rs. 30.8 Cr
Quarter EPS is Rs. -1.4
Stock is trading at P/E of 8.2x TTM EPS
*PB Fintech Ltd.* | *CMP* Rs. 524 | *M Cap* Rs. 23586 Cr | *52 W H/L* 972/356
(Nirmal Bang Retail Research)
*Result ahead of Expectation*
Revenue from Operations came at Rs. 610.1 Cr (6.4% QoQ, 66.1% YoY) vs expectation of Rs. 591.9 Cr, QoQ Rs. 573.5 Cr, YoY Rs. 367.3 Cr
EBIDTA came at Rs. -133.2 Cr (-41.1% QoQ, -58% YoY) vs expectation of Rs. -163.3 Cr, QoQ Rs. -226.1 Cr, YoY Rs. -317.3 Cr
EBITDA Margin came at -21.8% vs expectation of -27.6%, QoQ -39.4%, YoY -86.4%
Adj. PAT came at Rs. -87.3 Cr vs expectation of Rs. -120.8 Cr, QoQ Rs. -186.6 Cr, YoY Rs. -298 Cr
Quarter EPS is Rs. -1.9
Stock is trading at P/E of -147.6x FY24E EPS
(Nirmal Bang Retail Research)
*Result ahead of Expectation*
Revenue from Operations came at Rs. 610.1 Cr (6.4% QoQ, 66.1% YoY) vs expectation of Rs. 591.9 Cr, QoQ Rs. 573.5 Cr, YoY Rs. 367.3 Cr
EBIDTA came at Rs. -133.2 Cr (-41.1% QoQ, -58% YoY) vs expectation of Rs. -163.3 Cr, QoQ Rs. -226.1 Cr, YoY Rs. -317.3 Cr
EBITDA Margin came at -21.8% vs expectation of -27.6%, QoQ -39.4%, YoY -86.4%
Adj. PAT came at Rs. -87.3 Cr vs expectation of Rs. -120.8 Cr, QoQ Rs. -186.6 Cr, YoY Rs. -298 Cr
Quarter EPS is Rs. -1.9
Stock is trading at P/E of -147.6x FY24E EPS
*Oil India Ltd.* | *CMP* Rs. 224 | *M Cap* Rs. 24236 Cr | *52 W H/L* 306/168
(Nirmal Bang Retail Research)
*Result ahead of Expectation*
Revenue from Operations came at Rs. 5879.4 Cr (26.6% QoQ, 57.3% YoY) vs expectation of Rs. 5612.4 Cr, QoQ Rs. 4643.4 Cr, YoY Rs. 3736.7 Cr
EBIDTA came at Rs. 2855.3 Cr (54.5% QoQ, 125.3% YoY) vs expectation of Rs. 2130.2 Cr, QoQ Rs. 1848.2 Cr, YoY Rs. 1267.2 Cr
EBITDA Margin came at 48.6% vs expectation of 38%, QoQ 39.8%, YoY 33.9%
Adj. PAT came at Rs. 1746.1 Cr vs expectation of Rs. 1531.2 Cr, QoQ Rs. 1720.5 Cr, YoY Rs. 1244.9 Cr
Quarter EPS is Rs. 16.1
Stock is trading at P/E of 3.4x FY24E EPS
(Nirmal Bang Retail Research)
*Result ahead of Expectation*
Revenue from Operations came at Rs. 5879.4 Cr (26.6% QoQ, 57.3% YoY) vs expectation of Rs. 5612.4 Cr, QoQ Rs. 4643.4 Cr, YoY Rs. 3736.7 Cr
EBIDTA came at Rs. 2855.3 Cr (54.5% QoQ, 125.3% YoY) vs expectation of Rs. 2130.2 Cr, QoQ Rs. 1848.2 Cr, YoY Rs. 1267.2 Cr
EBITDA Margin came at 48.6% vs expectation of 38%, QoQ 39.8%, YoY 33.9%
Adj. PAT came at Rs. 1746.1 Cr vs expectation of Rs. 1531.2 Cr, QoQ Rs. 1720.5 Cr, YoY Rs. 1244.9 Cr
Quarter EPS is Rs. 16.1
Stock is trading at P/E of 3.4x FY24E EPS
👍1
*Bharat Heavy Electricals Ltd.* | *CMP* Rs. 75 | *M Cap* Rs. 26237 Cr | *52 W H/L* 92/41
(Nirmal Bang Retail Research)
*Result ahead of Expectation*
Revenue from Operations came at Rs. 5263.4 Cr (1.2% QoQ, 2.5% YoY) vs expectation of Rs. 5724.7 Cr, QoQ Rs. 5202.6 Cr, YoY Rs. 5135.9 Cr
EBIDTA came at Rs. 144.3 Cr (-159.1% QoQ, 61.7% YoY) vs expectation of Rs. 56.2 Cr, QoQ Rs. -243.9 Cr, YoY Rs. 89.2 Cr
EBITDA Margin came at 2.7% vs expectation of 1%, QoQ -4.7%, YoY 1.7%
Adj. PAT came at Rs. 31 Cr vs expectation of Rs. -28.1 Cr, QoQ Rs. 10.3 Cr, YoY Rs. 14.3 Cr
Quarter EPS is Rs. 0.1
Stock is trading at P/E of 34.6x TTM EPS
(Nirmal Bang Retail Research)
*Result ahead of Expectation*
Revenue from Operations came at Rs. 5263.4 Cr (1.2% QoQ, 2.5% YoY) vs expectation of Rs. 5724.7 Cr, QoQ Rs. 5202.6 Cr, YoY Rs. 5135.9 Cr
EBIDTA came at Rs. 144.3 Cr (-159.1% QoQ, 61.7% YoY) vs expectation of Rs. 56.2 Cr, QoQ Rs. -243.9 Cr, YoY Rs. 89.2 Cr
EBITDA Margin came at 2.7% vs expectation of 1%, QoQ -4.7%, YoY 1.7%
Adj. PAT came at Rs. 31 Cr vs expectation of Rs. -28.1 Cr, QoQ Rs. 10.3 Cr, YoY Rs. 14.3 Cr
Quarter EPS is Rs. 0.1
Stock is trading at P/E of 34.6x TTM EPS
*Rail Vikas Nigam Ltd.* | *CMP* Rs. 73 | *M Cap* Rs. 15148 Cr | *52 W H/L* 84/29
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 5012.1 Cr (2.1% QoQ, -0.7% YoY) vs QoQ Rs. 4908.9 Cr, YoY Rs. 5049.2 Cr
EBIDTA came at Rs. 275.7 Cr (-12.8% QoQ, -13.6% YoY) vs QoQ Rs. 316 Cr, YoY Rs. 319.2 Cr
EBITDA Margin came at 5.5% vs QoQ 6.4%, YoY 6.3%
Adj. PAT came at Rs. 382.4 Cr vs QoQ Rs. 381.2 Cr, YoY Rs. 293 Cr
Quarter EPS is Rs. 1.8
Stock is trading at P/E of 10.5x TTM EPS
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 5012.1 Cr (2.1% QoQ, -0.7% YoY) vs QoQ Rs. 4908.9 Cr, YoY Rs. 5049.2 Cr
EBIDTA came at Rs. 275.7 Cr (-12.8% QoQ, -13.6% YoY) vs QoQ Rs. 316 Cr, YoY Rs. 319.2 Cr
EBITDA Margin came at 5.5% vs QoQ 6.4%, YoY 6.3%
Adj. PAT came at Rs. 382.4 Cr vs QoQ Rs. 381.2 Cr, YoY Rs. 293 Cr
Quarter EPS is Rs. 1.8
Stock is trading at P/E of 10.5x TTM EPS
👍1
*Roto Pumps Ltd.* | *CMP* Rs. 570 | *M Cap* Rs. 895 Cr | *52 W H/L* 609/340
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 57.2 Cr (1.9% QoQ, 21.6% YoY) vs QoQ Rs. 56.1 Cr, YoY Rs. 47.1 Cr
EBIDTA came at Rs. 13.2 Cr (14.5% QoQ, 13.2% YoY) vs QoQ Rs. 11.5 Cr, YoY Rs. 11.6 Cr
EBITDA Margin came at 23% vs QoQ 20.5%, YoY 24.7%
Adj. PAT came at Rs. 9.2 Cr vs QoQ Rs. 7.1 Cr, YoY Rs. 8.2 Cr
Quarter EPS is Rs. 5.9
Stock is trading at P/E of 30.9x TTM EPS
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 57.2 Cr (1.9% QoQ, 21.6% YoY) vs QoQ Rs. 56.1 Cr, YoY Rs. 47.1 Cr
EBIDTA came at Rs. 13.2 Cr (14.5% QoQ, 13.2% YoY) vs QoQ Rs. 11.5 Cr, YoY Rs. 11.6 Cr
EBITDA Margin came at 23% vs QoQ 20.5%, YoY 24.7%
Adj. PAT came at Rs. 9.2 Cr vs QoQ Rs. 7.1 Cr, YoY Rs. 8.2 Cr
Quarter EPS is Rs. 5.9
Stock is trading at P/E of 30.9x TTM EPS
*Inox Green Energy Services Ltd.* | *CMP* Rs. 47 | *M Cap* Rs. 1376 Cr | *52 W H/L* 64/40
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 71.6 Cr (18.2% QoQ, 56% YoY) vs QoQ Rs. 60.6 Cr, YoY Rs. 45.9 Cr
EBIDTA came at Rs. -2.5 Cr (-117.5% QoQ, -111.3% YoY) vs QoQ Rs. 14.1 Cr, YoY Rs. 21.8 Cr
EBITDA Margin came at -3.4% vs QoQ 23.3%, YoY 47.4%
Adj. PAT came at Rs. -8.3 Cr vs QoQ Rs. -6.9 Cr, YoY Rs. -3.1 Cr
Quarter EPS is Rs. -0.3
Stock is trading at P/E of -49.3x TTM EPS
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 71.6 Cr (18.2% QoQ, 56% YoY) vs QoQ Rs. 60.6 Cr, YoY Rs. 45.9 Cr
EBIDTA came at Rs. -2.5 Cr (-117.5% QoQ, -111.3% YoY) vs QoQ Rs. 14.1 Cr, YoY Rs. 21.8 Cr
EBITDA Margin came at -3.4% vs QoQ 23.3%, YoY 47.4%
Adj. PAT came at Rs. -8.3 Cr vs QoQ Rs. -6.9 Cr, YoY Rs. -3.1 Cr
Quarter EPS is Rs. -0.3
Stock is trading at P/E of -49.3x TTM EPS
❤1👍1
MARKET WIZARD NEWSLETEER ISSUE 72.pdf
1.2 MB
MARKET WIZARD NEWSLETTER ISSUE 72
🎯FUNDAMENTAL STOCKS
▶️ CASTROL IND LTD
▶️ GRAPHITE LTD
▶️ LOVABLE LINGERIE LTD
▶️ NOCIL LTD
TEAM MARKET WIZARD
Market Wizard & Books Make India Read Whatsapp Group Link -
https://chat.whatsapp.com/FQeyp04UWjlIy2lbL2dFz5
🎯FUNDAMENTAL STOCKS
▶️ CASTROL IND LTD
▶️ GRAPHITE LTD
▶️ LOVABLE LINGERIE LTD
▶️ NOCIL LTD
TEAM MARKET WIZARD
Market Wizard & Books Make India Read Whatsapp Group Link -
https://chat.whatsapp.com/FQeyp04UWjlIy2lbL2dFz5
👍1
*OPEC+ Won’t Boost Oil Supply as Russia Cuts, Delegates Say*
Russia’s partners in the OPEC+ oil coalition signaled they won’t boost production to fill in for cutbacks announced by Moscow.
The OPEC+ group led by Saudi Arabia will maintain output despite plans by the Kremlin to cut 500,000 barrels a day in retaliation for international sanctions, according to delegates who declined to be identified.
Oil jumped after Russia’s announcement, with Brent rising 2.8% to $86.90 a barrel. It later pared gains to 1.4%, or around $85.65.
Riyadh and others in the producers’ alliance have indicated they aim to stick with targets fixed late last year for the rest of 2023. They believe these will keep global oil markets broadly in balance.
“We really believe OPEC+ will hold production flat for the full year,” Amrita Sen, co-founder of consultancy Energy Aspects, said on Friday, after visiting Saudi Arabia. “Having spoken to quite a few officials in Riyadh, the motto was very much to stay put this year — no changes to OPEC+ policy, regardless of the volatility we see in prices.”
While the US and other consumers repeatedly urged the Organization of Petroleum Exporting Countries to fill in any gap left by Russia, the group has been unmoved, remaining concerned that increasing supplies could oversupply the market and endanger oil revenues for its members.
“I doubt Russia’s OPEC+ partners were taken by surprise and do not expect the supply reduction will alter their ‘stay put’ policy stance,” said Bob McNally, president of Rapidan Energy Group and a former White House official.
OPEC officials have indicated they’re still apprehensive that the resurgence in Covid cases in China could derail the country’s economic recovery as it reopens. Secretary-General Haitham Al-Ghais said this week the disease is a “beast” menacing the global economy.
Saudi Energy Minister Prince Abdulaziz bin Salman said last week in Riyadh that the bar for any intervention will be very high. “I will believe it when I see it and then take action,” he said.
Russia’s partners in the OPEC+ oil coalition signaled they won’t boost production to fill in for cutbacks announced by Moscow.
The OPEC+ group led by Saudi Arabia will maintain output despite plans by the Kremlin to cut 500,000 barrels a day in retaliation for international sanctions, according to delegates who declined to be identified.
Oil jumped after Russia’s announcement, with Brent rising 2.8% to $86.90 a barrel. It later pared gains to 1.4%, or around $85.65.
Riyadh and others in the producers’ alliance have indicated they aim to stick with targets fixed late last year for the rest of 2023. They believe these will keep global oil markets broadly in balance.
“We really believe OPEC+ will hold production flat for the full year,” Amrita Sen, co-founder of consultancy Energy Aspects, said on Friday, after visiting Saudi Arabia. “Having spoken to quite a few officials in Riyadh, the motto was very much to stay put this year — no changes to OPEC+ policy, regardless of the volatility we see in prices.”
While the US and other consumers repeatedly urged the Organization of Petroleum Exporting Countries to fill in any gap left by Russia, the group has been unmoved, remaining concerned that increasing supplies could oversupply the market and endanger oil revenues for its members.
“I doubt Russia’s OPEC+ partners were taken by surprise and do not expect the supply reduction will alter their ‘stay put’ policy stance,” said Bob McNally, president of Rapidan Energy Group and a former White House official.
OPEC officials have indicated they’re still apprehensive that the resurgence in Covid cases in China could derail the country’s economic recovery as it reopens. Secretary-General Haitham Al-Ghais said this week the disease is a “beast” menacing the global economy.
Saudi Energy Minister Prince Abdulaziz bin Salman said last week in Riyadh that the bar for any intervention will be very high. “I will believe it when I see it and then take action,” he said.
👍1
*The Cost of Shipping Gasoline Is Soaring After Russia Sanctions*
The cost of moving gasoline and other fuels on ocean-going tankers is soaring days after sanctions targeting Russia’s petroleum sales.
Daily earnings for relatively tiny tankers delivering refined fuels in the Atlantic ocean have surged about 280% this week, reaching $41,968, according to the latest data from the Baltic Exchange in London. *_They surged by 58% on Thursday alone, the largest one-day gain since late 2021._*
The surge has been spurred in part by a bifurcation of the fleet with some tankers serving Moscow’s interests and others the international market. It highlights a possible flipside of aggressive measures aimed at limiting Russia’s petroleum revenues.
“Russian volumes continue to flow at more or less the same rate and that takes up a lot of ships,” said Lars Bastian Ostereng, an analyst at Arctic Securities. “Ultimately the spike shows demand is pretty good, and the fundamentals are strong.”
As many as 600 vessels have joined a ‘shadow fleet’ of ships helping Russia to keep its petroleum flowing. That in turn is leaving fewer vessels serving other oil exporters and is boosting the cost of freight.
The surge isn’t purely about tankers switching to Russian trade.
The European Union banned Russian fuel imports from Feb. 5. Prior to that, the bloc lifted its purchasing of refined products from elsewhere to ensure plentiful supply, something that displaced some vessels in an already-thinly stretched fleet.
Now as buying picks up elsewhere, rates are spiking. Ships sailing from Europe to West Africa posted their biggest daily gain since figures began being published last year on Thursday.
A switch of some tankers to Russia may be contributing though.
“What we hear is that many vessels suddenly were removed from tonnage lists and drawn towards Russia,” said Eirik Haavaldsen, a shipping analyst at Pareto Securities AS in Oslo. “So suddenly vessel supply was almost gone yesterday.”
The cost of moving gasoline and other fuels on ocean-going tankers is soaring days after sanctions targeting Russia’s petroleum sales.
Daily earnings for relatively tiny tankers delivering refined fuels in the Atlantic ocean have surged about 280% this week, reaching $41,968, according to the latest data from the Baltic Exchange in London. *_They surged by 58% on Thursday alone, the largest one-day gain since late 2021._*
The surge has been spurred in part by a bifurcation of the fleet with some tankers serving Moscow’s interests and others the international market. It highlights a possible flipside of aggressive measures aimed at limiting Russia’s petroleum revenues.
“Russian volumes continue to flow at more or less the same rate and that takes up a lot of ships,” said Lars Bastian Ostereng, an analyst at Arctic Securities. “Ultimately the spike shows demand is pretty good, and the fundamentals are strong.”
As many as 600 vessels have joined a ‘shadow fleet’ of ships helping Russia to keep its petroleum flowing. That in turn is leaving fewer vessels serving other oil exporters and is boosting the cost of freight.
The surge isn’t purely about tankers switching to Russian trade.
The European Union banned Russian fuel imports from Feb. 5. Prior to that, the bloc lifted its purchasing of refined products from elsewhere to ensure plentiful supply, something that displaced some vessels in an already-thinly stretched fleet.
Now as buying picks up elsewhere, rates are spiking. Ships sailing from Europe to West Africa posted their biggest daily gain since figures began being published last year on Thursday.
A switch of some tankers to Russia may be contributing though.
“What we hear is that many vessels suddenly were removed from tonnage lists and drawn towards Russia,” said Eirik Haavaldsen, a shipping analyst at Pareto Securities AS in Oslo. “So suddenly vessel supply was almost gone yesterday.”